SEC Form 4 · accession 0001020859-17-000067
UNITED NATURAL FOODS INC · UNFI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael S Funk
Director
Period of report
Sep 15, 2017
Accepted (ET)
Sep 19, 2017 · 4:16 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001020859
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 15, 2017 | M | 4,590 | $0.00 | A | 49,591 | D | |
| Common Stock | Sep 15, 2017 | F | 1,725 | $39.74 | D | 47,866 | D | |
| Common StockF3 | holding | — | — | — | 4,228 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF4,F5 | — | Sep 15, 2017 | A | 9,180 | A | — | — | Common Stock | 9,180 | 9,180 | D |
| Restricted Stock UnitF4,F5 | — | Sep 15, 2017 | M | 4,590 | D | — | — | Common Stock | 4,590 | 4,590 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis. Accordingly, there was no purchase price paid by the reporting person.
- F2On September 15, 2017, 4,590 shares of United Natural Foods, Inc. (the "Company") restricted stock units vested. The Company retained 1,725 shares on that date to satisfy certain tax withholding obligations in connection with the vesting.
- F3Represents 4,228 shares of common stock allocated to the reporting person under the United Natural Foods, Inc. 401(k) Plan's UNFI Stock Fund as of September 15, 2017.
- F4Each restricted stock unit represents the right to receive one share of United Natural Foods, Inc. common stock upon vesting in accordance with the terms of the reporting person's restricted stock unit agreement.
- F5The restricted stock units vest as follows: one-half vests on the date of grant and the remaining one-half vests on the 6 month anniversary of the date of grant.